DOOM AND GLOOM is expected from the ABI over the pensions market today, says the Financial Times, as...
DOOM AND GLOOM is expected from the ABI over the pensions market today, says the Financial Times, as the trade body says it will warn ministers their low-earner target market for stakeholder pensions is not being reached. Part of today's lobbying seems to be about the 1% charge cap on stakeholder pensions again, only the ABI will a slightly more subtle route and warn that sales are falling and employers are often failing to make contributions. The ABI will argue that raising the price cap will make it possible for insurers to reach the 3m people that the government wants to reach,...
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